Regulations Governing Approval and Administration of Financial Information Service Enterprises Engaging in Inter-Financial Institution Funds Transfer and Settlement Article 18

An entity intending to establish an interbank financial information network enterprise shall complete its corporation registration within six months after receiving an establishment approval from the Competent Authority, and apply to the Competent Authority for a business license by submitting the following documents in triplicate:1. Business license application;2. Corporation registration documents;3. Articles of incorporation;4. List of shareholders and minutes of shareholders meetings;5. List of directors and minutes of board of directors meetings;6. List of managing directors and minutes of managing directors meetings;7. List of supervisors and minutes of supervisors meetings;8. List of managerial officers;9. Bylaws;10. A written statement undertaking that none of the company's directors, supervisors or managerial officers have any situations under the Paragraph 1 of Article 5 herein;11. Records of at least two weeks of simulated interbank transactions.Before the time limit set forth in the preceding paragraph expires, an entity may apply for an extension of the deadline if it has a legitimate reason. The deadline may be extended only once, up to a maximum of three months. Where an entity misses the deadline without receiving approval for an extension, the Competent Authority may void its establishment approval.